Is Warren, MN 56762 a buyer’s or seller’s market?
Warren is a seller’s market. With about 2.1 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Warren housing market right now
In the three months ending August 31, 2026, 17% of homes in Warren, MN 56762 sold above their list price, the typical home went under contract in 45 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (70 days then) and the median sale price held steady to $157,432. Overall, Warren is more competitive than a year ago, so tougher for buyers.
Within Polk County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Fisher 56723 (0% sold over asking) or Gully 56646 (0% sold over asking), while Climax 56523 (100% sold over asking) and Mentor 56736 (33% sold over asking) are even more competitive.
Run the numbers for 56762
Nearby markets
Climax 56523 $84 /sq ftCrookston 56716Balanced $110 /sq ftEast Grand Forks 56721Seller’s market $235 /sq ftErskine 56535Buyer’s market $336 /sq ft Browse all markets →Towns like Warren nearby
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Questions about Warren real estate
Is Warren a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Warren, MN 56762 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Warren?
The typical home went under contract in 45 days in the latest three months.
Do homes in Warren sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Warren?
About 1.01% of a home’s value a year in Polk County, or roughly $4,040 on a $400,000 home.
What is the median home price in Warren?
The median sale price was $157,432 in the three months ending August 31, 2026, about $102 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology